Jeonbuk Province Reflects 8.0312 Trillion Won National Budget in Next Year's Government Budget Proposal

Achieved an Increase of 489 Billion KRW Compared to Last Year... Full Effort to Secure Additional Inclusion at the National Assembly Stage

[Jeonju=Asia Economy Honam Reporting Headquarters Reporter Kim Han-ho] Jeonbuk Province announced on the 31st that among the 604.4 trillion won scale 2022 government budget plan passed at the Cabinet meeting, the reflected scale of Jeonbuk national budget was counted as 931 cases, about 8.0312 trillion won.

This is an increase of 489 billion won (6.5%) compared to the 7.5422 trillion won reflected in the 2021 government budget plan.

New projects accounted for 257.2 billion won, and continuing projects accounted for 7.774 trillion won, which increased by 6.6 billion won and 482.4 billion won respectively compared to the previous year.

The main features of the reflected projects include many new projects that will become the driving force of Jeonbuk’s future new industry map, such as the creation of a demonstration area for Saemangeum commercial vehicle autonomous cooperative driving freight logistics service and the establishment of a wind power core materials and parts engineering center.

In addition, the Saemangeum SOC budget for promoting Saemangeum development and strengthening accessibility between regions was significantly increased.

Budgets necessary for fostering hydrogen and new renewable energy industries, strengthening carbon convergence and materials industries, and building convergence future new industries as well as strengthening the economic structure of key industries were also secured.

Besides, budgets were secured for establishing the value of agriculture and the base for the agricultural life industry capital, as well as for re-examining historical culture, becoming the number one travel experience destination, and leading the successful hosting of international events, which are also considered achievements.

Jeonbuk Province plans to actively respond and secure additional budgets at the National Assembly stage in the future by forming a one team with the province, cities/counties, and political circles again for projects that were underfunded or not reflected among the key projects.

Jeonju=Honam Reporting Headquarters Reporter Kim Han-ho stonepeak@asiae.co.kr

This content was produced with the assistance of AI translation services.